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Analysis

August 17, 2011

GAO Study on Public Accounting Firms

In the wake of the collapse of Enron and the charges against the accounting firm of Arthur Anderson, Congress passed the Sarbanes-Oxley Act of 2002, which included a requirement for the GAO to study public accounting firms:  Mandated Study on Consolidation and Competition

While done years ago, that study is still relevant today.  See,for example, the Wall Street Journal’s article on August 17, 2011:  “U.S. Auditing Board to Study Accounting-Firm ‘Term Limits‘”

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